Start a Business? You Must Be Joking

Summary


DIRE warnings are issued. Hands are wrung. Action is loudly demanded. And back round the block we go.

According to the latest figures from the Committee of Scottish Clearing Bankers, the number of new businesses opening accounts fell by eight per cent in the second quarter compared with a year ago. Manufacturing, construction, hotels, restaurants and the retail trade all saw declines.

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Extract


Start a Business? You Must Be Joking

Now Scotland has long had a problem with a poor rate of business formation relative to the rest of the UK. Earnest policy papers a decade or so ago sought to bring about an improvement. When those failed, the problem was redefined: new business wasn't the problem so much as a dearth of m...

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